| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to property tax recovery fees. |
| Bill Documents |
Bill
|
| Impact Statements | Local Mandate |
| Bill Request Number | 2053 |
| Sponsors | R. Meyer, S. Santoro |
| Summary of Original Version | Create a new section of KRS Chapter 142 to require equipment rental companies to collect a mandatory property tax recovery fee equal to one and a half percent of the total amount charged for equipment rentals from their customers; require the fee to be used by the equipment rental companies to satisfy their tangible personal property tax liabilities; provide that any amounts collected that exceed the property taxes owed by the equipment rental company shall be distributed proportionately among the various taxing jurisdictions; EFFECTIVE January 1, 2017. |
| Index Headings of Original Version |
Local Mandate - Property tax recovery fees, industrial equipment rentals Effective Dates, Delayed - Property tax recovery fee, January 1, 2017 Taxation - Property tax recovery fees, industrial equipment rentals Taxation, Property - Property tax recovery fees, industrial equipment rentals |
| 03/01/16 |
|
|---|---|
| 03/02/16 |
|
Last updated: 1/16/2019 3:08 PM (EST)